LLNW Rises on Q4 Beat, Q1 Rev View

By Tiernan Ray

Shares of content network operator Limelight Networks (LLNW) are up 13 cents, or a little over 3%, at $4.13 in late trading after the company reported Q4 revenue and profit ahead of expectations, and forecast the current quarter’s revenue ahead of consensus.

Revenue in three months ended in December rose 7%, year over year, to $46 million, yielding a net loss of 1 cent a share, excluding some costs.

Analysts had been modeling $45 million and a 2-cent net loss.

The company’s revenue from its video delivery service rose 70%, year over year, Limelight said.

For the current quarter, the company sees revenue in range of $43 million to $45 million, ahead of the average $43.6 million estimate.

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Tech Trader Daily is a blog on technology investing written by Barron’s veteran Tiernan Ray. The blog provides news, analysis and original reporting on events important to investors in software, hardware, the Internet, telecommunications and related fields. Comments and tips can be sent to: techtraderdaily@barrons.com.